KREST

KREST Purchases Industrial Distribution Properties in Charleston and Chicago

Retrieved on: 
Tuesday, January 11, 2022
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Income, SF, CBRE, Retirement, NYSE, Growth, Insurance, Life, JLL, KKR, Port, Twitter, Real estate, Midway International Airport, Port of Charleston, Investment, Property management, Warehouse, Financial services, KREST, KKR, KREST, KKR

The latest additions to KRESTs portfolio include a newly constructed, one million SF, cross-dock industrial warehouse located in Charleston and a three-building, 2020-vintage industrial park totaling approximately 923,000 SF in Chicago.

Key Points: 
  • The latest additions to KRESTs portfolio include a newly constructed, one million SF, cross-dock industrial warehouse located in Charleston and a three-building, 2020-vintage industrial park totaling approximately 923,000 SF in Chicago.
  • KKRs experience, having acquired approximately 50 million SF of industrial property across the United States over the past few years, enables us to be front-footed in purchasing attractive properties directly from the developers.
  • We are pleased to complete the purchases of these marquee assets in Chicago and Charleston two key logistics markets where we have significant experience, said Ben Brudney, a Director in the Real Estate group at KKR who oversees the firms industrial investments in the United States.
  • The Charleston asset is located within the Charleston Trade Center, a Class A industrial campus in Summerville, South Carolina.

KKR Adds Healthcare Real Estate Assets to KREST Portfolio

Retrieved on: 
Monday, December 20, 2021
Commercial Building & Real Estate, Construction & Property, Finance, General Health, Health, Professional Services, REIT, Other Construction & Property, Real estate, FCA, KKR, ALM (company), Retirement, Insurance, Elective surgery, Life, BMO Harris Bank, Population growth, Growth, NYSE, Simpson Thacher & Bartlett, Income, Acquisition, Investment, Twitter, Ophthalmology, Financial services, Commercial property, Sun Belt, Portfolio, KREST, KKR, Montecito Medical, FCA Partners, KREST, KKR, MONTECITO MEDICAL, FCA PARTNERS

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has acquired a portfolio of core medical office buildings and ambulatory surgery centers located in seven Sun Belt states (the Portfolio).

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has acquired a portfolio of core medical office buildings and ambulatory surgery centers located in seven Sun Belt states (the Portfolio).
  • This acquisition represents a meaningful diversification of our KREST investment portfolio, and we are thrilled to expand the portfolio with new exposure to healthcare real estate, said Billy Butcher, Chief Executive Officer of KREST and Chief Operating Officer of KKR Global Real Estate.
  • KKR Real Estate Select Trust Inc. ("KREST") is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt.
  • Headquartered in Nashville, TN, Montecito has been named as a key influencer in healthcare real estate by GlobeSt.com and the editors of Healthcare Real Estate Insights.

KKR Grows KREST Industrial Real Estate Portfolio With First International Acquisition

Retrieved on: 
Monday, November 8, 2021
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Other Transport, Rail, Air, Automotive Manufacturing, Transport, REIT, Manufacturing, Logistics, Supply Chain Management, Retirement, RLP, Insurance, Income, Investment, Growth, Tenant, Atmosphere, Twitter, Walton Street Capital, Asset management, Solution, KKR, NYSE, Rickenbacker International Airport, Mercedes-Benz, Life, CBRE, RPL, Commercial property, Real estate, Car dealership, Financial services, KREST, KKR, KREST, KKR

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has expanded its industrial real estate portfolio with two new acquisitions, including KRESTs first international investment.

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has expanded its industrial real estate portfolio with two new acquisitions, including KRESTs first international investment.
  • These investments are part of KRESTs stabilized real estate investment strategy, one of the funds three primary investment strategies, which focuses on thematically driven, income-oriented real estate equity investments.
  • KKR Real Estate Select Trust Inc. ("KREST") is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt.
  • KREST is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc., and utilizes the experience and reach of KKRs global real estate team and the resources available through the KKR platform.

KKR Announces First Multifamily Property Investment by KREST

Retrieved on: 
Thursday, October 28, 2021
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Beach House, KKR, Jacksonville Beaches, Retirement, Twitter, Insurance, NYSE, Investment, NMHC, Life, Income, Growth, Multimedia, RPM, Employment, Commercial property, Hotel, Financial services, KREST, KKR, RPM Living, KREST, KKR, RPM LIVING

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) and RPM Living Investments (RPM Living), a full-service multifamily management, investment and development company, have acquired The Beach House Apartments (The Beach House), a multifamily property in Jacksonville, Florida.

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) and RPM Living Investments (RPM Living), a full-service multifamily management, investment and development company, have acquired The Beach House Apartments (The Beach House), a multifamily property in Jacksonville, Florida.
  • The transaction is KKRs first multifamily investment through KREST, a continuously offered, registered closed-end fund designed to deliver access to income-oriented private real estate investments.
  • The investment is part of KRESTs stabilized real estate investment strategy, one of the funds three primary investment strategies, which focuses on thematically-driven, income-generating real estate in high growth markets, including well-leased multi-family.
  • KREST is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc., and utilizes the experience and reach of KKR's global real estate team and the resources available through the KKR platform.

KKR Expands Industrial Real Estate Footprint in Atlanta with Acquisition by KREST

Retrieved on: 
Friday, September 17, 2021
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, KKR, Insurance, Plant, Sale, Income, Real estate, Twitter, Lambert Farm Site, RI-269, Acquisition, Life, Growth, Retirement, Port of Savannah, Investment, NYSE, Port, JLL, Commercial property, Financial services, KREST, KKR, PNK Group, KREST, KKR, PNK GROUP

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has acquired a 1.1 million square-foot, Class A industrial warehouse at Southern Gateway at Lambert Farms in Atlanta (McDonough), Georgia from PNK Group, an international real estate developer implementing full-cycle industrial projects.

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has acquired a 1.1 million square-foot, Class A industrial warehouse at Southern Gateway at Lambert Farms in Atlanta (McDonough), Georgia from PNK Group, an international real estate developer implementing full-cycle industrial projects.
  • Todays acquisition represents another important milestone for KKR as we continue to develop and diversify our industrial footprint and KREST portfolio, said Ben Brudney, a Director in the Real Estate group at KKR who oversees the firms industrial investments.
  • Since launching a dedicated real estate platform in 2011, KKR has grown real estate assets under management to approximately $32 billion across the U.S., Europe and Asia as of June 30, 2021.
  • KKR Real Estate Select Trust Inc. ("KREST") is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt.

KKR Announces First Debt Investment by KKR Real Estate Select Trust

Retrieved on: 
Thursday, August 26, 2021
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Urban Planning, REIT, Banking, Twitter, NEMA (Chicago), University, Growth, Life, Insurance, Michigan, Heart, Investment, NYSE, KKR, Income, Retirement, Commercial property, Financial services, KREST, KKR, KREST, KKR

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has provided a mezzanine loan to leading urban real estate firm, Crescent Heights, to support the refinancing of NEMA Chicago, an 800-unit luxury residential building located in the heart of Chicagos South Loop.

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has provided a mezzanine loan to leading urban real estate firm, Crescent Heights, to support the refinancing of NEMA Chicago, an 800-unit luxury residential building located in the heart of Chicagos South Loop.
  • This represents KKRs first debt investment through KREST, a continuously offered, registered closed-end fund designed to deliver access to income-oriented private real estate investments.
  • Real estate debt is one of KRESTs three primary investment strategies, alongside equity investments in stabilized real estate and prime single tenant properties.
  • KKR Real Estate Select Trust Inc. (KREST) is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt.

KKR Acquires HQ @ First in Silicon Valley

Retrieved on: 
Monday, August 2, 2021
Professional services, Other Construction & Property, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Kohlberg Kravis Roberts, Finance, Investment, Financial services, KREST, KKR, KREST, KKR

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has acquired HQ @ First, a 603,666 square-foot Silicon Valley office campus, from MORI TRUST CO., LTD., a Japan-based major real estate developer.

Key Points: 
  • KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (KREST) has acquired HQ @ First, a 603,666 square-foot Silicon Valley office campus, from MORI TRUST CO., LTD., a Japan-based major real estate developer.
  • HQ @ First is a marquee property with great amenities, including onsite lab facilities, and access to Silicon Valleys immense pool of talent, said Justin Pattner, KKR Partner and Head of Real Estate Equity in the Americas.
  • KREST is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc., and utilizes the experience and reach of KKRs global real estate team and the resources available through the KKR platform.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co.